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May 15, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Howell, Business Loans > First National Bank In Howell Howell Business Loans > Limited-Service Restaurants Loan | ||||
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How to Get SBA Money in Howell, Michigan
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Howell, Michigan Entrepreneur Gets a Business LoanWould a Michigan SBA loan help your business get to the next level? If so, you may want to talk with this Michigan bank, which offers SBA loans to Michigan entrepreneurs. Getting a small business loan in Howell, Michigan was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First National Bank In Howell. Here are the details on this Michigan small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender FIRST NATIONAL BANK IN HOWELL This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/5/2001 Loan Approval Gross Amount $105,768 Loan Approval from the SBA Of the total $105,768 loan amount, the SBA guaranteed $89,903. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links:
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